THE ARROW GOLD MINING COM PANY.

Evening Star, Issue 3914, 9 September 1875, Page 3

THE ARROW GOLD MINING COM PANY.

To the Editor.

Sir,—Your issue of Tuesday lias au extract from the ‘ Arrow Observer,’ iu which my name is so often mentioned that I crave your indulgence to make a few notes in reply. The Arrow editor defies contradiction iu asserting fiat the Dunedin Directory of the United Mining Company was the cause of the enterprise being unsuccessful. What is such a defiance _ worth? Letters inserted in the ‘ Wakatip Mail ’ and copied into his own paper gave the contradiction nearly a year sine-. But the editor may be a recent arrival, ignorant of the facts, and weakly substitutes for these the frothy note, “I defy.” Your correspondent also contradicts this tall editor by facts. What of that ? he is entirely above such small things. The turbine made by Kincaid, M'Queen, and Co, is pronounced to be as useless as a big hummingtop. The specifications for the humming-top came from the Arrow, and after it was started there a letter was sent down expressing entire a '.PpJ'ovnh and stating that the “ top ” lifted d ouble the quantity of water it was expected to do, I know Alr Elliott has not had his own wa V in managing the works, hut it was the An vw directors who controlled him, not those in 1 hinedin, who had no power to do so. That aunu the Arrow directors have wrought on the

Arrow and know more of the claim than all the Dunedin shareholders put together is a most extravagant assertion, I know- shareholders in Dunedin, and miner- 1 , win* know tin* ground well, have prospected it, and are therefore quite as likely to have correct ideas as to how it should l)e wrought as the editor of tin* ‘Arrow Observer,’ or anyone whose qualifications are his assertions. Tf this editor is a '* new chum,” he has very quickly learned some “ upcountry ’’ notions of the objects of mining com panics. He inquires, “ lias the spending of the L4,OU() benefited this district and adds, with frothy force, “'We emphatically answer No.” It has been all squandered in Dunedin; and, in concluding, he gives “one particle” of advice to those who would start tire company anew : don’t think too much of giving Dunedin “ big licks ” of the expenditure. Now most people take shares in a mining company because they expect it will pay, and it is of little importance where the money is spent so that dividends are forthcoming. When-; has the Arrow money been spent ? Taking the four half-yearly statements of accounts and throwing them together, I find that on t.r.uh snu-u’s account, wages, water-race, and cartage all into or about Arrowtovvn and Queenstown, there has been disbursed L1.9(17 Is 7d ; to Kincaid, M'Queen, and Co., for turbine pipes and pumps, L 770 ; advertising and stationery in floating the company in Dunedin, LdO 19s ; tradesmen’s accounts, advertising, and bank interest, Dunedin, LoO 17s lid. These figures arc also vouched for, and show the value of the Arrow Editor's “ emphatic no.”

That the claim of the late United Company merits being wrought- that it will he wrought;, and more, that it will pay well —I firmly he lieve ; but that it will only be hindeied ami injured by such utterances as the ‘ Airow Observer’ seems capable of needs but a very small “ particle ” of sense to perceive. I am, &c.. G. E. Era D. Dunedin, September 7.